DePIN protocol io.net completes $30 million Series A financing, led by Hack VC

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2024/03/05 15:38

DePIN protocol io.net, based on Solana, announced the completion of a $30 million Series A round of financing. Hack VC led the investment, with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands , Continue Capital , MH Ventures and OKX. Also participating are Solana founder Anatoly Yakovenk; Aptos founders Mo Shaikh and Avery Ching; Yat Siu from Animoca Brands; Jin Kang from Perlone Capital.

The raised funds will be used to build a decentralized GPU network and address the shortage of AI computing power.

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